The office of the VP of economic affairs of the Colombia Petroleum Association (ACP) published a report that followed the primary trends and found a slight price increase, growing demand due to a closed Venezuelan border, and declining imports from the first quarter 2015 to the same period this year.
Caquetá represents the new frontier for oil production in Colombia, a region with promising potential to develop reserves and a basin without much activity thus far, especially if the armed conflict ceases.
This week we published a press release by the senator from Meta, Maritza Martínez where she accused the recently-approved royalties budget of being unfair to Llanos producers including her home department.
The USO is digging in for a fight with Ecopetrol (NYSE:EC) over its use of contractors and their labor, and said the NOC is unwilling to discuss extending benefits for direct workers to its outsourced employees.
The Minister of Environment Luis Gilberto Murillo said his ministry and other authorities are preparing a report on hydrocarbons exploration in La Macarena which could affect some of the blocks in the region, although those with an environmental license should be able to still explore.
The proponents of ‘no’ and ‘yes’ have made slow progress towards a new agreement before government negotiators travel to continue talks with the Farc this week, and there is speculation that an amended agreement might not pass through a second plebiscite.